41 King Street, New York, NY 10014

Historic Opportunity to Develop a Massive Single Family Townhouse in the Charlton-King-Vandam District of SohoFive free market rental units.41 King Street arose on April 24th 1866, having been conveyed by the Rector Church Wardens and Vestrymen of Trinity Church to George A. Boyce.Situated in a neighborhood defined by its immortality, 41 King Street is The King of Townhouses. Built 24 feet wide and 88 feet in depth, this building?s substantial size is extraordinary for the area, and especially for a New York City townhouse. It is the largest townhouse on the street, offering 6,000 square feet of interior space.Currently set up as a multifamily with five units, four of them earn free market rents of $228,000 per year. The garden unit, also free market, is currently being occupied by the owner and could obtain an additional income of $60,000 per year totaling $288,000 as is. Combined, these units total twenty-seven rooms, seven bedrooms, seven bathrooms, nine wood burning fireplace (seven active), five laundry rooms, a private terrace, a solarium and a rear patio over four floors including the garden level. Every unit has been upgraded. Some feature the charming original late 1800s flooring while others are equipped with newer, yet equally classic, cherry wood floors. The boiler is new and well-sized for the building.The Charlton-King-Vandam District was deemed historic in 1966 and is the largest concentration of Federal style rowhouses in New York City. The District also contains homes in the Greek revival style and a Queen Anne style former school.This estate was the site of one of the most beautiful mansions ever to grace Manhattan, the famous "Richmond Hill" of the Eighteenth Century. The Georgian home was built in 1767 for Major Mortier, who was in New York "on the King's business". It sat on a hill four hundred feet high, surrounded by gardens, meadows and woods, all with an impressive view of the Hudson River. During the Revolution, George Washington used it as his headquarters. Later, it became the Vice-Presidential Mansion for John Adams, when New York was the U.S. Capitol. Later, the house was bought by Aaron Burr, who used it for lavish entertainment and as a brilliant background for furthering his ambitions. With the development of the City northwards and the expansion of Greenwich Village from a rural to a city landscape, Burr mapped his property in 1797, planning its future develop